IRS Publication 557: Tax-Exempt Status for Your Organization — A document published by the Internal Revenue Service (IRS) that details the rules and regulations that have to be followed by an organization in order to obtain tax exempt status. IRS Publication 557 provides guidance as to required forms and… … Investment dictionary
501(c) — is a provision of the United States Internal Revenue Code (usc|26|501(c)), listing 28 types of non profit organizations exempt from some federal income taxes. Sections 503 through 505 list the requirements for attaining such exemptions. Many… … Wikipedia
501(c) organization — Colloquially, a 501(c) organization or simply a 501(c) is an American tax exempt, nonprofit corporation or association. Section 501(c) of the United States Internal Revenue Code (26 U.S.C. § 501(c)), provides that 28 types of nonprofit… … Wikipedia
Qualifying Relative — A federal income tax designation that allows a taxpayer to claim as a dependent someone for whom he or she provided considerable financial support during the tax year. Claiming a qualifying relative as a dependent will allow the taxpayer to take… … Investment dictionary
Nonpartisan (American organizations) — See also: 501(c)(3) A nonpartisan organization, in American politics, is a non profit organization organized under United States Internal Revenue Code (501(c)) that qualifies for tax exempt status because it refrains from engaging in certain… … Wikipedia
Unrelated Business Income Tax — (UBIT) in the U.S. Internal Revenue Code is the tax on unrelated business income, which comes from an activity engaged in by a tax exempt 26 USCA 501 organization that is not related to the tax exempt purpose of that organization.RequirementsFor… … Wikipedia
Tax deduction — This article is about the deduction of expenses for the purpose of calculating taxable income. For tax deducted at source, see Withholding tax. Taxation An aspect of fiscal policy … Wikipedia
The Peace Fund — is a charitable organization, founded by Adrian Paul, dedicated to the worldwide improvement of the living, educational and health conditions of children. It meets this goal by distributing funds raised through various activities to organizations … Wikipedia
403(b) — A 403(b) plan is a tax advantaged retirement savings plan available for public education organizations, some non profit employers (only US Tax Code 501(c)(3) organizations), and self employed ministers in the United States. It has tax treatment… … Wikipedia
Pearl M. & Julia J. Harmon Foundation — is a private foundation (see IRS link below) established in 1962 in Oklahoma by oilman C. C. Harmon. C.C. Harmon was a pioneer developer of water flooding technology in the oil industry.In 2007 the Harmon Foundation has assets of approximately… … Wikipedia
